OPEN-SOURCE SCRIPT

Trend Follow with kijun-sen/tenkan sen for 1 Hour SPX

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This script determines, plots and alerts on probable trend initiation and continuation points, using tenkan-sen(conversion line of ichimoku), kijun-sen(baseline of ichimoku) and stochastic RSI, for 1 H SPX.

New long/short trend initiates when prices cross above/below kijun sen. The trend continues when prices cross above/below tenkan-sen or stochastic RSI crosses up/down its signal line, while prices are above/below kijun-sen.

It is good to take partial profit between 10-15 points gain and trail the left with stops below kijun-sen line.

While placing the order, using 2-3 points buffer above/below of signal bars is recommended. Additionally, please be careful about clouds and do not place long/short orders below/above clouds.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.